Daily Digest – October 19. Industry Companies, Groups File Comments to Support Changes to TCPA; Student Loan Debt Crisis is Only Going to Get Worse

The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.

 

INDUSTRY COMPANIES, GROUPS FILE COMMENTS TO SUPPORT CHANGES TO TCPA

• The comment period for the second round of the Federal Communications Commission’s proposed changes to the Telephone Consumer Protection Act expired on Wednesday and a number a ARM industry participants and members of the financial services industry at large filed comments in relation to how the agency should move forward in the wake of the Ninth Circuit Court of Appeals decision in Marks v. Crunch San Diego.

 

STUDENT LOAN DEBT CRISIS IS ONLY GOING TO GET WORSE

• The student loan debt crisis is showing no signs of getting better anytime soon. In fact, all of the signs point toward the situation getting a lot worse before it gets any better, according to a published report.

 

DESPITE HAVING INSURANCE, SERIOUSLY ILL INDIVIDUALS HAVE MORE PROBLEMS WITH DEBT, PAYING FOR NECESSITIES: REPORT

• Nearly one-in-three individuals with a serious health problem have been contacted by a collection agency because of an unpaid medical debt, according to a study that was released by the Harvard University School of Health, The New York Times, and The Commonwealth Fund.

 

NATIONAL CREDITORS BAR ASSOCIATION ELECTS NEW BOARD MEMBERS AND PRESIDENT-ELECT

• National Creditors Bar Association elected a new President-elect and six Board of Directors Members on October 12, 2018. They were sworn in at the NCBA 2018 Fall Conference in Nashville, Tennessee.

 

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The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.